Jim Hackett out as CEO at Ford; Jim Farley to take the helm
(August 5, 2020) DEARBORN, Mich. — Ford Motor Company has announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. Ford says Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.